According to trading data, the price of January futures for Brent crude oil rose above $ 49 per barrel for the first time since March 6, when quotations’ collapse began.
The price of February futures for the North Sea Brent blend grew by 2.05%, 48.76 dollars per barrel, and January futures — by 2.44%, to 49.03 dollars per barrel. January WTI crude futures were up 2.56% to $ 4.606 a barrel.
On Wednesday evening, global oil prices are rising by 2-2. 5% on the back of strong statistics on reserves in the United States. For the week ending November 20, commercial reserves of black gold in the States-excluding the strategic reserve-decreased by 0.8 million barrels, although an increase of 0.1 million was expected.
Support expectations for demand and news about the development of coronavirus vaccines. The effectiveness of several drugs from COVID-19 is already rated as high, which raises investors ‘ hopes for a global economic recovery against the background of the second wave of the pandemic.
In March, oil prices fell sharply after the OPEC+ countries could not change the agreement’s parameters on reducing black gold production or on its extension. On April 1, restrictions on the extraction of